The dreaded El Nino effect, the global weather phenomenon of warm oceanic temperatures associated with dry monsoon spells in the subcontinent, is about to end and may give way to its opposite, the La Nina, says private forecast Skymet. This … Continue reading

In an attempt to lure flyers and push up sales, no-frills airlines have slashed fares in advance purchase offers. SpiceJet is offering one-way fares between Rs 511 and Rs 2,111 (excluding taxes) on domestic and international routes, respectively, in a … Continue reading

After 17 months of contracting, the wholesale price index (WPI) has finally entered a positive zone.  The annual rate of inflation, based on monthly WPI, stood at 0.34 percent for April, 2016 as compared to -0.85 percent for the previous month … Continue reading

Acting upon recommendations of the Special Investigation Team (SIT) on black money, market watchdog Sebi plans to tighten due diligence requirements for issuance and transfer of controversy-ridden P-Notes and put the onus on investors to ensure compliance with anti-money laundering law. While Sebi (Securities … Continue reading

Amazon, the Seattle-based online retailer, has highlighted uncertainties and regulatory risks in its India business, citing the latest e-commerce guidelines which allowed 100 per cent foreign investment in marketplace platforms but with several riders. The company has pointed at the … Continue reading

The Reserve Bank of India (RBI) on Thursday proposed to raise provisioning and risk weights for fresh loans given to highly leveraged companies. This is to discourage banks from lending to such companies, which are said to have caused a … Continue reading

Describing his job of formulating monetary policy in India as a ‘joyful’ and easy task, Reserve Bank Governor Raghuram Rajan has said complexities arise when ensuring its political acceptance and one needs to be “a little more clever” for that. “You can’t bulldoze your … Continue reading

n negotiations with the government of Mauritius, Indian tax officials found a bargaining chip in the tax treatment for money invested from Singapore  in India. It simply says if an investor from Singapore can claim to have spent a fixed sum … Continue reading

In a major setback to India’s efforts to bring back Vijay Mallya in the country soon, the United Kingdom declined the industrialist’s deportation request. However, it has asked India to consider the extradition route. “The UK government has informed us that under 1971 Immigration Act, the UK … Continue reading

A suspected massive data hacking case has sent the Railway Board, which manages Indian Railways, in a tizzy. The Board has formed a high-level six member committee of experts to look into the case where personal data of around 10 million users on the IRCTC website, India’s … Continue reading

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